Warrants could trigger $2.3 million in late September The warrants are eligible to be forced 20 days after September 5th, providing $2.3 million to the treasury.
The Warrants may be accelerated under certain terms if the 20 day volume weighted average is equal to or higher than $0.75 after the expiry of the 4 month hold period. Strategic investors Robert Hirschberg, Sethu Raman and Sam Sehota took place in both placements.
Read more at https://www.stockhouse.com/news/press-releases/2017/05/05/newrange-gold-closes-1-545-110-financing#xOSl5lFChoDq7FWj.99